North Smithfield, Rhode Island Commercial Real Estate 2 Listings

North Smithfield, Rhode Island: A Premier Destination for Commercial Real Estate

Introduction

North Smithfield, Rhode Island, offers a unique blend of historical charm and economic potential, making it an attractive hub for commercial real estate (CRE) investors. With a population of approximately 12,000, this town is strategically positioned within the Providence metropolitan area, benefiting from a diverse economy that supports various industries, including manufacturing and retail. Its location near major transportation routes further enhances its appeal, providing seamless access to regional and national markets.

Economic and Industry Overview

North Smithfield's economy is driven by a mix of traditional manufacturing and burgeoning retail sectors, creating robust demand for industrial, office, and retail properties. The town is home to several industrial parks, which cater to logistics and manufacturing companies. The Northern Rhode Island Chamber of Commerce actively supports economic development initiatives to attract new businesses and foster growth in existing industries, ensuring a steady demand for CRE.

Strategic Location and Transportation Infrastructure

North Smithfield's strategic location is underscored by its proximity to major highways, including Interstate 295 and Route 146, facilitating efficient transportation to Providence, Boston, and beyond. The town is also within reach of T.F. Green Airport, providing air connectivity for business travel and cargo. The Rhode Island Department of Transportation offers further insights into the town's transportation infrastructure, which supports its role as a logistical hub.

Commercial Real Estate Inventory & Zoning

The town features several key commercial submarkets, including industrial corridors and retail strips. Notable asset classes include industrial spaces for manufacturing and logistics, retail properties catering to local consumer needs, and office spaces for small to medium enterprises. Recent zoning changes have introduced new overlays, promoting mixed-use developments and offering incentives for sustainable building practices. For detailed zoning maps, visit the North Smithfield Planning Department.

Major Employers and Institutions

North Smithfield hosts several major employers that drive demand for commercial spaces, including Toray Plastics and CVS Health distribution centers. Additionally, proximity to educational institutions like Bryant University enhances the town's intellectual capital. For a comprehensive list of businesses, explore the North Smithfield Business Directory.

Notable Commercial Developments & Projects

Significant development projects in North Smithfield include mixed-use complexes and revitalization initiatives within designated Opportunity Zones. These projects, often in partnership with public and private entities, aim to boost local employment and economic growth. For more information, the Planning Department offers access to site maps and project outlines.

Building Permits, Planning, and Development Tools

Market Data & Economic Reports

North Smithfield benefits from publicly available data sets, including those from Census.gov and the town's own open data portal. For advanced insights, Brevitas utilizes AI-powered aggregation from these public data sources and its internal analytics. Explore Brevitas’ North Smithfield CRE dashboards for tailored market intelligence.

Why Use Brevitas for North Smithfield, Rhode Island CRE?

Brevitas offers unparalleled tools for discovering commercial real estate opportunities in North Smithfield, Rhode Island. With AI-driven property discovery, real-time market alerts, and collaborative dealroom features, Brevitas stands out as the preferred platform for CRE professionals. Key features include: